When you rent out a property for someone else to live or work in, invariably, one of the main topics of conversation between yourself and your tenant will be regarding repairs. These repairs can cover any aspect of the property too, from a leaky faucet to damage to the roof. Normally, a landlord would be […]
It is inevitable that a tenant causes damage to your property at some point during your career as a landlord and usually occurs in one of two ways: normal wear and tear or excessive property damage. As a landlord, telling the difference between the two types of damage can help you avoid conflicts with your […]
Operating a rental unit can be a major source of both regular and passive income. But when looking to expand your rental business and create new revenue streams, it can be a challenge without raising your rent. Raising the rent may turn tenants away or discourage them from renewing the lease. So, you may ask […]
Once a prospective renter shows interest in your property, you’ll want to schedule a property showing. Generally, most prospective renters will not sign a lease agreement until they’ve physically inspected the property. But what if your current tenant has yet to vacate your unit? In this case, it’s still possible to show your occupied rental […]
Competing landlords in Dallas may price their rentals at the same rate. But what sets them apart from each other are the different conveniences they offer to a renter. As each prospect will have different needs, they prioritize some amenities over others. For example, a family residing in a rental home will require more outdoor […]
Over the course of managing your rental, you’re bound to deal with property vacancies at some point. When this happens, set out to find new renters immediately. This will help mitigate a loss of income from an empty unit. What most property investors fail to consider is the risk of having vacant units, such as […]
Having a successful viewing—whether it’s physical or virtual—can make the difference between having an occupied unit and having a vacant one. It should be noted, however, that physical showings have become less and less popular due to the Covid-19 pandemic. Most people now prefer to view houses virtually on the various platforms available. Thanks to […]
Renovating your rental property is a great way to boost its appeal, especially when done using valued contractors. Done well, it can help you realize two important things. One, it can help lower your vacancy rates, and low vacancy rates can only mean one thing – more profits for you! Two, good renovations can help […]
While having a great property with good facilities in an envious location plays a huge part in the success of your rental property, one cannot ignore the advantages of a good landlord in a building. Often, most landlords forget and just view their tenants as currency which sometimes becomes a problem in their relationship. Regardless […]
Finding a reliable and responsible tenant can be anything but easy, especially if you are just getting started as a landlord. But every day your rental sits vacant means you’re losing money. So, you should do everything possible to ensure your rental vacancy is filled. And that’s where incentives come in! You may have difficulty […]